This is 1 Lakh crore+, all cash deal !I call it, perfect answer to those who were dismissive of Indian startups in an open-for-all market. What an incredible outcome for every believer of @Flipkart . ?? https://t.co/uiG9gSTK7v

Xiaomi India MD Manu Kumar Jain, who earlier co-founded online fashion portal Jabong which was acquired by Flipkart-owned Myntra, also applauded the company which has become the poster boy of Indian startup ecosystem: